September 17, 2014 – The Lighting Science board has appointed Edward Bednarcik as its chief executive officer, effective September 8, 2014, describing him as a “talented executive with experience developing and commercializing technology across multiple industries globally”. In his new role, he will expand the company’s presence into new market segments, it noted.

He replaces interim CEO Richard Davis, who will continue to serve as a director on the board.

“Ed’s leadership experience in the technology sector and as a driver of growth will be a tremendous asset to Lighting Science,” said Craig Cogut, chair. “Based on his impressive track record of repositioning and transitioning companies toward significant growth, Ed has partnered with private equity owners and entrepreneurs alike to take strong franchises in markets that are being disrupted, and turn them into industry leaders. We are looking forward to benefitting from Ed’s expertise and technology experience to help take Lighting Science to the next level.”

Bednarcik most recently served as president and CEO Video IQ, an enterprise software company, where he positioned the business for dynamic growth through revamping the company’s product portfolio and developing key industry partnerships to enable the rapid expansion of the company’s unique video surveillance solutions, said Lighting Science. Prior to that, he was president and CEO of Wright Line, a global supplier of data centre solutions for government and commercial customers.

“The opportunity to lead Lighting Science, which as one of the most innovative LED lighting companies in the market has become the trusted provider of lighting solutions to a broad range of delighted customers from NASA to moms and dads alike, is both exciting and compelling,” said Bednarcik.